Householders

A class in transition – Navigating affordability and rising hazards

Householders posted its strongest insurance services results in more than a decade, driven by premium adjustments and two years of relatively mild natural peril activity. Behind the numbers lies a more complex story. Affordability remains a pressing concern and structural risks are also growing, as lithium battery fires add new challenges and natural disasters remain an ever-present threat. While the industry is improving disaster readiness, questions remain about how to balance affordability, industry sustainability, and risk into the future.

$bn
insurance services result
%
Average premium growth since FY23
%
Fewer risks written since FY23

Charts

Insurers enjoy record profitability amidst mounting affordability challenges

Refer to About the data for the fine print; September 2023 quarter is excluded from 2024 figures. 

Gross written premium

Reporting year ending 30 June

Net combined ratio

Reporting year ending 30 June

Year-on-year change in gross written premium

Reporting year ending 30 June

Gross loss ratio

Reporting year ending 30 June

Our experts and contributors

Jonathan Cohen

Principal

Ross Simmonds

Director

Vincent Tu

Director

Alan Xian

Manager

Alex Zhu

Consultant

Luca Di Conza

Consultant

Nikki Parrotte

Manager

Scroll to Top